Hunter Biden is walking away from the board of a Chinese-backed private equity company as part of a public pledge to disavow all foreign work if his father, former U.S. Vice President Joe Biden, gains the presidency in 2020.
Joe Biden’s second son made his move after a month of pushing by U.S. President Donald Trump who has publicly highlighted the perceived – and real – conflicts of interest represented by Biden’s work in Asia.
A statement released on his behalf by his legal counsel George Mesires said his relationship with the management company of a private equity fund that’s backed by Chinese state-owned entities will end within weeks.
The 49-year-old doesn’t state whether he will be divesting from BHR (Shanghai) Equity Investment Fund Management Company. The company was set up in 2013 to invest Chinese capital outside of China.
Netanyahu’s government fractures after ultra-Orthodox pullout over conscription
James Comer subpoenas former Biden deputy chief of staff Annie Tomasini
Grassley blocks Democrats’ call for Bove ‘whistleblower’ hearing
Teen run over by a truck while sunbathing on the beach
Innocent hiker mistaken for fugitive dad accused of killing his three daughters
Quick-Thinking Florida Teen Fights Off Alligator with Her Bare Hands: ‘Credit to God’
Cartel drones pose ‘dangerous’ drug trafficking risk in border state, official warns
Here’s the money people in each state could pocket under Trump’s ‘big beautiful bill’ savings
Trump Says He Just Learned That Adam Schiff Engaged in ‘Very Serious Crimes’
Watch: UFC Star Gets on the Phone with Trump Immediately After Big Win
Attacks on first responders would be federal crime under bipartisan bill
UK smuggled in thousands of Afghans after 2022 data leak
GOP’s Mike Rogers raises $1.5 million in bid to flip Michigan Senate seat
Republican leading House Budget Committee looks ahead after passing Big Beautiful Bill
Yankees Star Aaron Judge Includes Subtle Biblical Message on His All-Star Game Gear
Instead the young Biden pledged he wouldn’t work for any foreign-owned companies or serve on their boards during a potential Biden administration.
“Hunter always understood that his father would be guided, entirely and unequivocally, by established U.S. policy, regardless of its effects on Hunter’s professional interests,” the statement said. “He never anticipated the barrage of false charges against both him and his father by the President of the United States.”
Just two days ago Trump again highlighted the problem of Hunter Biden seeking work overseas during a political rally in Louisiana, as Breitbart News reported.
Netanyahu’s government fractures after ultra-Orthodox pullout over conscription
James Comer subpoenas former Biden deputy chief of staff Annie Tomasini
Grassley blocks Democrats’ call for Bove ‘whistleblower’ hearing
Teen run over by a truck while sunbathing on the beach
Innocent hiker mistaken for fugitive dad accused of killing his three daughters
Quick-Thinking Florida Teen Fights Off Alligator with Her Bare Hands: ‘Credit to God’
Cartel drones pose ‘dangerous’ drug trafficking risk in border state, official warns
Here’s the money people in each state could pocket under Trump’s ‘big beautiful bill’ savings
Trump Says He Just Learned That Adam Schiff Engaged in ‘Very Serious Crimes’
Watch: UFC Star Gets on the Phone with Trump Immediately After Big Win
Attacks on first responders would be federal crime under bipartisan bill
UK smuggled in thousands of Afghans after 2022 data leak
GOP’s Mike Rogers raises $1.5 million in bid to flip Michigan Senate seat
Republican leading House Budget Committee looks ahead after passing Big Beautiful Bill
Yankees Star Aaron Judge Includes Subtle Biblical Message on His All-Star Game Gear
Trump then ripped Hunter for leaving China with $1.5 billion in investments from the bank of China despite knowing “nothing” and mocked the news broadcasts for repeatedly saying that Trump’s claims of corruption were “totally unsubstantiated” … at Biden’s request.
“It’s not unsubstantiated, he took a fortune out of Ukraine, knew nothing, took a fortune out of China,” he said.
He expressed skepticism Hunter Biden was able to get $1.5 billion in Chinese investments because they thought he was a good investment.
“For a guy to walk in from off the street with no experience, a bad track record, just got thrown out of the navy, and he walks away with $1.5 billion?” Trump said.
Story cited here.
